Johny opens a personal bank account to put into part of his monthly allowance. If the account gives an annual simple interest rate of 2%, express the amount in Johny's account as a function of time...

Johny opens a personal bank account to put into part of his monthly allowance. If the account gives an annual simple interest rate of 2%, express the amount in Johny's account as a function of time...

I have the answer already, (18) but I need an explanation or the formula used for computing it. I have been out of school for quite some time, and I am working through a test bank to spin...

A deposit of $2200 in a savings account reaches a balance of $2795.63 after 6 years. The interest on the account is compounded monthly. What is the annual intere rate of the account

A man has a simple discount note for $6400.00 at an ordinary bank discount rate of 8.84 % for 40 days. What is the effective interest rate? Round to the nearest tenth of a percent...

The annual Gross Domestic Product (GDP) of a country is the value of all of the goods and services produced in the country during a year. During the period 1985-1999, the Gross Domestic Product of...

At what rate do you need to invest money into a bank account earning continuosly compounded interest if you want to double your money in 75 months?

What would a 5% offer on a Honda Civic that has a sticker price of $16,480 and a dealer cost $14,997 be?

Solve. An investor earned $1,137.50 on an investment of $70,000 in 65 days. Find the annual simple interest rate earned on the investment. give in as a percent

I still owe about 840.00 on this bill

How much must you deposit today at 7% interest (compounded annually) for the next 10 years in order to be able to withdraw $30,000 per year (ordinary annuity) for four years, starting in 10 years...

a man owes the following obligations a. 2000 due today, b 4000 due in 9 months with accumulated simple interest from today at 12% c. 10000 due in 2 years with accumulated interest from today at 10%...

What annual simple interest rate corresponds to an investment of $100 at 8% p.a. compounded monthly for 3 years? The answer according to the textbook is 9.01% p.a. and i don't understand how you get...

I don't know how to work this out, please help! haha

what will be brenda's new total balance

How much should you invest each month in order to have $800,000 if your rate of return is 5.3% compounded monthly and you want to achieve your goal in 40 years? If you deposit...

In years, how long does it take to double the investment?

a if interest is computed as simple interest b if interest is compounded yearly

a if interest is computed as simple interest b if interest is compounded yearly

I'm in algebra 1 and I'm learning with a table with quantity, rate and value A team of cancer researchers received a grant of $300000 to be used for cancer research. They deposited some in a 10%...

A loan of 14,250 at an interest rate of 10% for 4 years. How much will i pay total after 4 years?

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